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12 point Acompany has xailable bonds outstanding with a par value of $100,000 The unamortized docount on these bonds is $1.500 The company called to
12 point Acompany has xailable bonds outstanding with a par value of $100,000 The unamortized docount on these bonds is $1.500 The company called to retes these bonds and paid a cal premem meg $3.000 What is the gain or lose on this retirement? OA $1,500 an O1400 Oc 13,000 loss OD 10 gain a loss on 12 of Question 13 1 points Wi Manam, Sabahi and Fatima are partners with capital balances of $40,000, $60,000 and $50,000 respectively They find that Atrah, a new partner, is a talented engineer with an experience useful for the company Afrah accepts joining them as a new partner and ready to contribute $10,000 for an equity share of 25% Afrah's capital balance would DO OA $40,000 O. $2,500 Oc$10,000 OD $37,500 Question 14 1paints On January 1, 2019, Hamed Town Cs purchased a machine for 1240,000 is estimated that the machine will have 10-year used her or 100,000 onds over its used the Savage and tated to be $20,000 Assuming the company produced 12.000 units in 2019 Depreciation expence for the year ended December 31, 2019 using units of production method of dep OA400 O $22,000 OC None of these awers 000000 Supplies & Inventory Prepaid expense Long-term investments Machines and tools Total Assets Question Completion Statur Minutes 56 seconds. The following comparative balance sheet is given for Estem Co. Assets Cash Notes Receivable Dec 31.2020 $58,500 Dec 31.2021 $351,000 72,000 63.000 81,000 121,500 31,500 54,000 0 81.000 166,500 144,000 Accumulated depreciation-equipment (63.000) 145.000) $639.000 $477.000 Liabilities & Stockholders' Equity Accounts payable $ 76,500 $ 31,500 Bonds payable (long-term) 166,500 211,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabulines & Stockholders' Equity $639.000 $477.000 Income Statement Information (2021): 1 Net income for the year ending December 31, 2021 is $130,500 2 Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment Additional information (2021): 1. All sales and purchases of inventory are on account (or credit) 2 Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss 3 Cash dindends paid is $45,000. 4. The company purchased new machines and tools for $22,500 cash
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